Technology giant IBM has won a new five-year blockchain deal worth AUD 1 Billion (~USD $740 Million) from the Australian Federal Government. The agreement supports Australia's goal to become one of the top-three digital governments in the world by 2025 while delivering services that are simple, convenient and easy to use for Australian citizens and businesses.

The deal is aimed to give Australians access to emerging technologies and also help the government re-engineer its platforms to protect and encrypt citizen data against modern-day cyber-security threats. David La Rose, Managing Director IBM Australia & New Zealand, said:

“This agreement is a testament to our forty-year partnership with the Australian Government. It shows trust and belief in our ability to transform and provide world-leading capabilities, leveraging our investments locally in AI, blockchain, quantum, and cloud. We look forward to helping the Australian Government to re-define the digital experience for the benefit of all Australians.”

The contract is led by the Digital Transformation Agency (DTA) and is of the highest value negotiated by the Australian Government. IBM's artificial intelligence (AI) and cloud technology can be used by Australian agencies to quickly bring more self-service, automation, and digitization to government services. Some of the work will be done by IBM’s R&D teams in Australia to accelerate the application of blockchain, AI and quantum computing in government.

Girish is a blockchain engineer with experience in writing. He is enthusiastic and has a keen interest in developing his knowledge in blockchain and cryptocurrency. Girish follows cryptocurrency market trends and is fascinated by its dominance in the financial world. He does regular technical analysis of the market and reports on blockchain and cryptocurrency on our portal.

Blockchain and Cryptocurrency Updates

CryptoGround.com is an independent publishing house that provides Cryptocurrency & Blockchain Technology News. It is a News Media Platform which serves its audience with accurate News and Analytical Articles. Our team is committed to providing unbiased News & Reports related to various Cryptocurrencies, Decentralized Apps, Initial Coin Offerings (ICOs) and Blockchain technology.

We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts.